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Free AccessBulgarian Government May Seek Lukoil Oil Product Exports
Bulgaria's sole refinery, LUKOIL Neftochim Burgas may have to be shut down if the Russian backed business is not given government support to keep exporting according to chief executive Ilshat Sharafutdinov.
- The Bulgarian caretaker government plans to allow the refinery to continue importing Russian crude once the ban takes effect because of an EU waiver and also give it permission to export its production.
- The prior government wanted the refinery to keep refined products solely for the domestic Bulgarian market.
- Sharafutdinov added that the refinery was likely to process about 7.1 million tonnes of crude oil this year and that it exports about 50% of its final products.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.